ANZ 0.78% $27.24 australia and new zealand banking group limited

anz - future directions ?

  1. 2,961 Posts.
    Reflecting this morning on ANZ.

    where is ANZ heading ?

    It has on on the best cost / equity rations in global banking and it has proven sucessful in intergration of acquisitions (NBNZ). So what now ? another 500 million buy back or are we looking O/s for acquisitions ?

    ANZ is trading at at lest a 10% discount to the other banks incl SGB,CBA,NAB. This would asume an actual value at $20.55 per share, not its current $18.74.

    Great dividends and consistant results so why is it so unloved ?

    I get the impression that McFarlane wants to expand into Asia and grow the business. This has merrit considering the low value of some banks.

    So where to ? Singapore or Shanghai would be my bet.

    Any other views ?

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